17 February 2009 - the Panic of 2008
< yesterday --
tomorrow >
Before you become too comfortable in your satisfaction
that you’re suffering for the mistakes of others, I have
a question. If the stupidity is restricted to only some
people, then why was the crisis a surprise?
clue:
Some people saw a housing bubble and knew it would burst.
But as far as I’ve found the only predictions of a crisis
on this scale are from people who hold up THE END IS NIGH
signs no matter the weather.
take oh take this clue away
copyright 2009, 2024 Jay J.P. Scott
<jay@satirist.org>